The US Nuclear Regulatory Commission (NRC) aims to relax rules over foreign investment in the country’s nuclear industry in a bid to spur further partnerships and growth.

The NRC issued a rule to relax its regulations on foreign ownership, control or domination (FOCD) in nuclear companies. The rule would apply to the 38 member countries of the Organisation for Economic Cooperation and Development (OECD) and India.

The new rule will take effect from 7 July as long as significant adverse comments to the proposed amendment are not received by 26 May.